-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the retail segment, a key growth area for lenders in recent years, has Been flagged as a growing concern by bankers at a...
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Coronavirus deepens struggles for migrant workers in Gulf countries
-The Indian Express A large number of migrants in the Persian Gulf come from India, Bangladesh, Nepal, Pakistan, and the Philippines. The loss of income will not just affect the workers but will also echo across continents in their home countries, which receive billions of dollars in remittances every year. New Delhi: As multiple countries across the globe try to grapple with the lockdown imposed due to coronavirus pandemic, migrants in the...
More »602 hospitals earmarked as dedicated COVID-19 facilities: Health Ministry
-The Indian Express Coronavirus lockdown: While the death toll has risen to 339, the total number of COVID-19 cases in the country neared 10,400. As many as 1,035 persons have recovered from the virus. At least 602 dedicated COVID-19 hospitals having 1,06,719 isolation beds and 12,024 ICU beds have Been readied in country, said Joint Secretary, Health Ministry, Lav Agarwal Tuesday in a routine media briefing on the coronavirus situation in the...
More »It's time to universalize the PDS to avoid hunger & starvation during lockdown, appeal social activists to the union food minister
-Press release by Right to Food Campaign dated 13th April, 2020 Supported by more than 450 concerned citizens and civil society organisations, an appeal has Been sent by the Right to Food Campaign to the Union Minister of Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan on 13th April, 2020. In that letter to the food minister, the Right to Campaign -- an informal network of organisations and individuals committed...
More »Amid COVID-19 Effects, Executive Orders To Fast-Track Labour Codes -Sunil Prabhu
-NDTV Amid an expected global downturn of economy following the COVID-19 pandemic and the related lockdown, the outlook for India has Been particularly gloomy. New Delhi: The coronavirus and the subsequent lockdown has pushed the government to take the ordinance route to formulate three of the four labour codes it is planning. The codes have already Been introduced in parliament. One of them - the code on wages, which clubs together the...
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